You heard that right. IN LIFE'S MAJOR TURNABOUT YOU CAN CHANGE 4,879 CRORES - MAJOR ANNOUNCEMENTS FROM ADITYA BIRLA GROUP

The Aditya Birla Group held a conference in New Delhi on March 11, 2025, and in it Aditya Birla Fashion and Retail Limited:

Aditya Birla Fashion and Retail Limited (ABFRL) said in a statement that its board of directors approved the issuance of equity shares to the extent of rupees 2 ,379 on a preferential basis to promoters and Qualified Institutional Buyers however the controversial shares still need to be approved by the shareholders. The firm plans to issue shares in its climate exercise which has been scheduled on the 13th of February, 2025.

ABFRL was able to raise over Rs 1,300 crore in equity funding from over 1 crore of shares, followed by an issue price of 272.50 per share making ABFRL reach unprecedented heights in such a short span of time.

The board previously sanctioned an additional Qualified Institutional Placement of Rs 2,500 crore in order to promote the growth of financial reserves and advance strategic interests.

Market Response and Share Performance At 11:30 am, ABFRL shares were quoted at Rs 269.05 on NSE down by 0.39 percent of the previous closing after the announcement. Simultaneously, 2.53 lakh shares were traded on BSE and over 62.67 lakh shares traded on NSE.

For some time now, ABFRL’s stock has been under pressure. The share price has fallen 26 percent from Rs 364.50, its 52-week peak further to almost Rs 200 levels in May 2023. As per BSE Analytics, these shares have lost 23 pc in value over the last three months and 18 pcs in the last thirty days.

With the funds raised, ABFRL would enhance brand development, extend its presence and accelerate its growth curve in the retail industry which is cutthroat in India. Analysts expect such activity to further improve the company’s balance sheet and support the company’s long term strategy.

The increasing participation of prominent institutional investors and the increasing stake of the promoter group in the business shows that there is belief in ABFRL’s rewarding capabilities, which is consistent from ABFRL’s most recent fundraising campaign. The last campaign was aimed towards getting retail investment so that the growing market in India could be effectively captured. This seems to be reasonable as Indian market is vast and the potential is immeasurable. Moving into the future where the retail industry is set to grow, ABFRL aims to sustain its leadership and has the key vision to be responsive to the changing market dynamics.